2018 Q2 Form 10-Q Financial Statement

#000103764618000026 Filed on July 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $722.0M $653.7M
YoY Change 10.46% 7.46%
Cost Of Revenue $309.4M $78.46M
YoY Change 294.35% 1.38%
Gross Profit $412.6M $375.6M
YoY Change 9.85% 8.07%
Gross Profit Margin 57.15% 57.46%
Selling, General & Admin $208.0M $195.6M
YoY Change 6.34% 4.17%
% of Gross Profit 50.41% 52.08%
Research & Development $35.32M $32.58M
YoY Change 8.39% 6.13%
% of Gross Profit 8.56% 8.67%
Depreciation & Amortization $21.40M $18.20M
YoY Change 17.58% 8.98%
% of Gross Profit 5.19% 4.85%
Operating Expenses $243.3M $228.2M
YoY Change 6.63% 4.44%
Operating Profit $169.3M $147.4M
YoY Change 14.84% 14.2%
Interest Expense $8.309M $8.171M
YoY Change 1.69% 18.9%
% of Operating Profit 4.91% 5.54%
Other Income/Expense, Net $1.916M $1.884M
YoY Change 1.7% -123.05%
Pretax Income $143.6M $126.8M
YoY Change 13.21% 22.95%
Income Tax $32.13M $25.27M
% Of Pretax Income 22.38% 19.92%
Net Earnings $111.5M $101.6M
YoY Change 9.73% 27.63%
Net Earnings / Revenue 15.44% 15.54%
Basic Earnings Per Share $4.41 $3.94
Diluted Earnings Per Share $4.31 $3.84
COMMON SHARES
Basic Shares Outstanding 25.30M shares 25.75M shares
Diluted Shares Outstanding 25.87M shares 26.44M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $183.2M $146.3M
YoY Change 25.22% 27.66%
Cash & Equivalents $183.2M $146.3M
Short-Term Investments
Other Short-Term Assets $63.90M $65.60M
YoY Change -2.59% -54.32%
Inventory $270.0M $253.7M
Prepaid Expenses
Receivables $486.2M $448.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.003B $913.8M
YoY Change 9.8% 1.5%
LONG-TERM ASSETS
Property, Plant & Equipment $678.7M $600.9M
YoY Change 12.95% 16.84%
Goodwill $536.4M $483.8M
YoY Change 10.88% 8.89%
Intangibles $219.9M $164.1M
YoY Change 33.95% 43.97%
Long-Term Investments
YoY Change
Other Assets $83.06M $46.08M
YoY Change 80.25% -30.12%
Total Long-Term Assets $1.555B $1.334B
YoY Change 16.54% 14.87%
TOTAL ASSETS
Total Short-Term Assets $1.003B $913.8M
Total Long-Term Assets $1.555B $1.334B
Total Assets $2.558B $2.248B
YoY Change 13.8% 9.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.9M $143.6M
YoY Change 18.98% 8.89%
Accrued Expenses $145.9M $124.9M
YoY Change 16.83% 3.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $52.10M $21.60M
YoY Change 141.2% 3.35%
Total Short-Term Liabilities $688.8M $588.8M
YoY Change 16.98% -0.39%
LONG-TERM LIABILITIES
Long-Term Debt $1.020B $947.8M
YoY Change 7.66% 36.71%
Other Long-Term Liabilities $270.4M $212.3M
YoY Change 27.35% 2.39%
Total Long-Term Liabilities $1.291B $1.160B
YoY Change 11.27% 28.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $688.8M $588.8M
Total Long-Term Liabilities $1.291B $1.160B
Total Liabilities $2.026B $1.786B
YoY Change 13.42% 13.78%
SHAREHOLDERS EQUITY
Retained Earnings $3.638B $3.257B
YoY Change 11.7% 14.88%
Common Stock $755.8M $738.8M
YoY Change 2.3% 3.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.595B $3.235B
YoY Change 11.13% 16.52%
Treasury Stock Shares 19.57M shares 19.12M shares
Shareholders Equity $532.4M $461.9M
YoY Change
Total Liabilities & Shareholders Equity $2.558B $2.248B
YoY Change 13.8% 9.03%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $111.5M $101.6M
YoY Change 9.73% 27.63%
Depreciation, Depletion And Amortization $21.40M $18.20M
YoY Change 17.58% 8.98%
Cash From Operating Activities $140.2M $137.8M
YoY Change 1.74% 25.62%
INVESTING ACTIVITIES
Capital Expenditures -$31.80M -$27.50M
YoY Change 15.64% 88.36%
Acquisitions
YoY Change
Other Investing Activities $3.800M -$1.800M
YoY Change -311.11% 100.0%
Cash From Investing Activities -$28.00M -$29.40M
YoY Change -4.76% 89.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.80M -128.6M
YoY Change -83.83% 45.48%
NET CHANGE
Cash From Operating Activities 140.2M 137.8M
Cash From Investing Activities -28.00M -29.40M
Cash From Financing Activities -20.80M -128.6M
Net Change In Cash 91.40M -20.20M
YoY Change -552.48% -448.28%
FREE CASH FLOW
Cash From Operating Activities $140.2M $137.8M
Capital Expenditures -$31.80M -$27.50M
Free Cash Flow $172.0M $165.3M
YoY Change 4.05% 32.98%

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PreferredStockParOrStatedValuePerShare
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16935000 USD
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9960000 USD
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2017Q2 us-gaap Research And Development Expense
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10500000 USD
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us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2017Q4 us-gaap Treasury Stock Shares
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us-gaap Treasury Stock Shares Acquired
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396218 shares
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3595296000 USD
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249900000 USD
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us-gaap Treasury Stock Value Acquired Cost Method
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237499000 USD
CY2018Q2 us-gaap Unamortized Debt Issuance Expense
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CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26514311 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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25867383 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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25979508 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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25751374 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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25841243 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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25299414 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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25383402 shares

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